Pico Projector Market: Top Impacting Factors and Investment Pockets | Major Players are MicroVision, Aaxa Technologies, LG Electronics, Lenovo Group, Optoma Technology Corp
According to a recent report published by Allied Market Research, titled, Global Pico Projector Market by Technology, Product, Application, and Compatibility: Global Opportunity Analysis and Industry Forecast, 20172023, the global pico projector market was valued at $749 million in 2016, and is projected to reach at $5,002 million by 2023, growing at a CAGR of 31.1% from 2017 to 2023.
Texas Instruments, Inc., MicroVision, Inc, Aaxa Technologies, Inc., LG Electronics, Inc., Lenovo Group Ltd., Optoma Technology Corp., Syndiant, ZTE Corporation, Celluon, Inc., and Miroir USA are key market players that occupy a significant revenue share in the pico projector market.
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The compactness and flexibility of the pico projectors make way for the growth of the market. In addition recent technological advancements also contribute to the market growth. However, Low brightness, and short battery backup of the pico projector impedes the growth of the market. In the near future, rise in demand for the consumer electronics, and increase in disposable income of people is expected to create lucrative opportunities for the key players operating in the pico projector market.
Pico projector is an emerging technology, which applies the use of an image projector present inside the handheld device. In addition, advancements in technology used in pico projectors makes them more powerful, less expensive, and smaller in size as well.
Among the analyzed geographical regions, Asia-Pacific is expected to account for the highest revenue in the global market throughout the forecast period (2017-2023) followed by North America, Europe, and LAMEA. However, LAMEA is expected to grow at a higher growth rate, predicting a lucrative market growth for pico projectors.
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Pico Projector Key Market Segments:
Digital Light Processing (DLP)
Laser Beam Steering
Holographic Laser Projection
Liquid Crystal on Silicon (LCoS)
Business & Education
Portable Media Players
• North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o Latin America
o Middle East
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